8 bedroom end of terrace house for sale

Bolton Road, Farnworth, Bolton, Lancashire

£320,000

Property Description

Full description

**Attention all buy to let investors** A great opportunity to purchase this substantial sized HMO, with 8 bedrooms, which has been modernised throughout, in a convenient Bolton location. With 7 out of 8 rooms already taken, any prospective investor can enjoy generous returns straight away. When fully occupied, the expected yearly rental income would exceed £40,000 gross. The current owners include all utilities, council tax, internet and a weekly cleaning service which is included in the rent. The property comprises in brief; entrance hall, two bedrooms, kitchen and utility room to the ground floor, on the first floor level are three bedrooms, and two bathrooms, and the basement level offers; three further bedrooms and downstairs wc. Externally there is a low maintenance front and rear garden, and garage to the rear.


Property ref: 121_2619_4234304

Rental Income 
The property currently has three tenants on 6 month assured shorthold teancy, and there are currently three applications on three of the other rooms.as of 08/11/16. These six occupied rooms will generate a yearly income of £30,720 gross. The other two rooms could generate a further £9480.00 per year, meaning were all 8 rooms fully occupied a yearly rental income of £40,200 could be expected thus representing a 12.5% gross yield based on the asking price. The currently landlord covers all utility bills, council tax, internet, and weekly cleaning service, which should be taken into account when calculating net rental yield.

*While the figures above are accurate and realistic to our knowledge, they could be subject to change*

Entrance Hall 
Stairs to the first floor and the basement level.

Bedroom One 
17' 3" x 13' 4" (5.26m x 4.06m)

Bedroom Two 
17' 7" x 12' 2" (5.36m x 3.71m)

Kitchen 

Utility Room 

Basement Level 

Bedroom Six 
17' 2" x 11' 8" (5.23m x 3.56m)

Bedroom Seven 
16' 6" x 10' 4" (5.03m x 3.15m)

Bedroom Eight 
12' 11" x 9' 8" (3.94m x 2.95m)

Downstairs WC 

First Floor Landing 

Bedroom Three 
14' 6" x 12' 2" (4.42m x 3.71m)

Bedroom Four 
14' 1" x 8' 2" (4.29m x 2.49m)

Bedroom Five 
19' 3" x 12' 2" (5.87m x 3.71m)

Bathroom 

Shower Room 

Eternally 

Front Garden And Rear Yard 
Low maintenance gardens.

Garage 
Up and over door.

Council Tax 
We understand the property is in council tax band B, this information has been taken from Valuation Office Agency www.voa.gov.uk website.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
11 November 2016

Nearest stations

  • Moses Gate (0.0 mi)
  • Farnworth (0.7 mi)
  • Kearsley (1.3 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Miller Metcalfe, Farnworth

103-107 Market Street, Farnworth, Bolton, BL4 7NS

01204 299016 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Miller Metcalfe, Farnworth

103-107 Market Street, Farnworth, Bolton, BL4 7NS

01204 299016 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Moses Gate (0.0 mi)
  • Farnworth (0.7 mi)
  • Kearsley (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miller Metcalfe, Farnworth

103-107 Market Street, Farnworth, Bolton, BL4 7NS

01204 299016 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 4234304. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Miller Metcalfe, Farnworth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.